Actuarial Employee Benefits Consulting Analyst - Toronto - 2025 New Graduates

We’re Mercer - a global consulting leader in health, wealth and career.  Mercer has 25,000 colleagues based in 43 countries.  We help clients worldwide from small businesses to Fortune 1000 companies advance the health, wealth and performance of their most vital asset – their people. 

At Mercer, we promote a culture where you can bring your authentic self to work.  When you join us, you bring your inclusive energy and enthusiasm to a team that values you personally and professionally – regardless of who you are, what you look like, where you were raised or born, who you love or what your religious beliefs are.  You are welcome here.  

The Mercer Marsh Benefits (MMB) team is seeking an Actuarial Analyst for our Toronto office starting in either Summer or Fall 2025.  

What Can You Expect? 

Mercer allows its employees to personalize their roles and careers within the Company. We encourage the sharing of intellectual capital in a spirit of partnership. You can expect to be challenged and to be rewarded for your achievements. 

The Actuarial Consulting Analyst will provide accurate and timely data and financial analysis on various projects for medical, dental, life and disability programs, including post-retirement and post-employment benefit programs.  The Actuarial Consulting Analyst will:  

• Participate in delivering impactful solutions for organizations of any size and varied industries and have a direct impact on their employees. 

• Work in a collaborative environment on a wide variety of client teams with any number of our 80+ Health colleagues in Toronto. 

• Support clients in the financial and strategic management of their employee benefit programs through analysis and communication.  

• Perform basic or complex calculations with respect to the costs of our clients’ current employee benefit plans and insurance arrangements, including using Mercer’s internal tools to price plan design changes and prepare future cost projections. 

• Gain an understanding of basic project management and consulting skills including: managing the quality and timeliness of client deliverables, participating in client calls and meetings as appropriate and assisting with the preparation of clear and concise client-friendly communications  

• Gain an understanding of the following, through online training, group sessions, or one-on-one training with colleagues: Health and Benefits products, services and technical tools offered by Mercer, vendor/carrier markets, basic underwriting skills, budget-setting, rate-setting and evaluation. 

What's In It For You? 

• The opportunity to work with some of the smartest and most energetic people in the industry, who will nurture, challenge and enable you. 

• A dynamic, collaborative and inclusive culture, where diversity is embraced – and you are celebrated and appreciated for who you are. 

• The opportunity to network, share views, and learn from others by getting involved with our Business Resource Groups: PRIDE, Women@Mercer, Racial & Ethnic Diversity and Rising Professionals Network. 

• The chance to make a positive difference in your local community by using your paid time off to volunteer through events organized by Mercer Cares, our community outreach and volunteerism BRG. 

• A huge variety of virtual learning and development resources to support your personal and professional growth. 

We will count on you to: 

• Participate in actuarial valuations of post-retirement and post-employment benefits, including data validation, setting assumptions, analyzing plan gains and losses and preparing the valuation report; 

• Validate and compare premiums for group benefit plans under vendor renewals, quotes or benchmarking exercises with other companies in the industry; 

• Produce quarterly experience monitoring reports for clients and analyze the impact of any recent changes; 

• Analyze financial statements of group insurance plans and review the financial agreement to suit the client needs; 

• Analyze cost drivers by reviewing client's cost/utilization data and looking for year-over-year trends or comparisons to external benchmarks using data provided from client's vendor reports or raw data from external databases  

• Perform analyses for larger, more complex clients, including more in-depth analysis for complex situations that may require additional research or discussion with Mercer subject matter experts  

• Gather necessary data from the vendor or client; review to ensure it is complete, accurate and reasonable; and prepare data in a particular template or format for use in basic or advanced financial analyses. 

• Work with your client teams to develop recommendations and reporting for clients based on your analysis 

What You Need To Have? 

• Graduating with a bachelor's degree in actuarial science, finance, statistics, or a related field between December 2024 – June 2025 

• Strong analytical and mathematical skills and working knowledge of Excel and others MS-Office software programs 

• Excellent interpersonal, verbal, and written communication skills 

• Intellectual curiosity; seeking opportunities to develop new skills 

• Ability to work in teams and be flexible to work under tight deadlines and changing client needs 

• Superior organizational skills and strong attention to detail 

• Will be required to obtain and maintain appropriate licenses as required by provincial regulations and Mercer policies 

What Makes You Stand Out? 

• Previous work-related experience obtained during internships or co-op work terms 

• Demonstrating progress towards the ASA/FSA designation 

• Familiarity or experience with group insurance benefits would be an asset (through work experience, CEBS GBA designation or working towards it). You will be required to obtain and maintain appropriate licenses as required by provincial regulations and Mercer policies 

What's Next? 

In order to be considered, submit your complete application by providing a cover letter, your resume and your most recent transcript in PDF format, via our career section. 

We will review completed application submission and you will be contacted if you are selected for an interview.